ENTREPRENEURS NEWS | IN BRIEF April 17, 2011 ENTREPRENEURS SUMMIT Investec, the investment bank, is hosting a conference for entrepreneurs on 25 May. Lara Morgan, founder of Pacific Direct, LoveFilm’s Simon Calver, Luke Johnson among others will be speaking. Also, Vince Cable, the Business Secretary, will be giving a speech on the economy alongside John Cridland of the Confederation of British Industry (CBI). [...]
Just three weeks to go to get your entries in for the City’s best awards April 12, 2011 THERE are just three weeks left to get those entries in for City A.M.’s second awards ceremony where we will be celebrating the best of London’s financial business community and its most successful individuals and firms. Anybody present at last year’s inaugural ceremony will bear testimony to the fact that the City A.M. awards have [...]
UK manufacturers see output and orders rise April 26, 2011 UK manufacturers painted an upbeat picture of output and new orders over the past three months, new data from the Confederation of British Industry shows. Strong growth in production led to constraints on companies’ production capacity and pushed up hiring in the quarter to April, while firms pushed up their selling prices to cover the [...]
Factory orders growth gathers pace March 22, 2011 Factory orders growth picked up more than expected in March to its highest pace in three years and firms expected to ramp up prices at the fastest rate in over two-and-a-half years, a survey showed. The Confederation of British Industry survey’s total order book balance jumped to +5 this month from -8 in February, well [...]
Divisions over interest rates set to widen March 9, 2011 THE Bank of England announces its latest decision on interest rates today, amid growing disagreement between economists and business groups. The Confederation for British Industry (CBI) endorsed a tightening of policy this week, despite contrary statements from other business groups. “We must not allow inflation to get back into the national psyche as a given,” [...]
CBI: Service sector sees a slump in profitability September 1, 2010 PROFITABILITY in Britain’s service sector unexpectedly fell last month and firms expect no end to the current gloom engulfing the sector, the CBI will reveal today. A net 14 per cent of consumer services firms reported overall profitability to be down over the past three months while a net 29 per cent of business and [...]
Rise in orders gives a boost to UK industry April 26, 2011 FACTORY output in the UK is increasing and fewer firms are working below capacity, new manufacturing data showed yesterday. Output volumes and total new orders rose in the three months to April and are expected to continue increasing, the Confederation of British Industry’s Quarterly Industrial Trends survey found. But the soaring cost of raw materials [...]
Centre Point tower sold March 24, 2011 NEW PROPERTY company Almacantar could turn some floors of the Centre Point tower into luxury flats, after buying the tower out of administration. Almacantar, set up last year by former Land Securities executive Mike Hussey, has exchanged contracts on the Grade II-listed tower near Tottenham Court Road underground station. The firm did not say how [...]
Inflation risk dents 15-year factory high February 17, 2011 OVERSEAS demand for British factory goods shot up this month at its highest rate since July 1995, the Confederation of British Industry (CBI) said yesterday. However, the CBI’s monthly trends enquiry also became the latest business survey to expose spiralling price pressures in the UK. The balance of manufacturers expecting price hikes for their domestic [...]
Bribery rules may hit M&A March 29, 2011 INCREASED scrutiny of subsidiaries under the new UK Bribery Act could hit M&A deals, with buyers forced to increase due diligence on acquisitions, or risk liability for corrupt practices. Guidance issued today on the Act is expected to make it clear that the definition of associated persons – those who perform services on behalf on [...]